EEX - EPEX SPOT Policy Note: Helping vulnerable consumers now, while ensuring investments in the future
At EEX group, we believe that short-term intervention is needed to help both vulnerable households and businesses and industry cope with these unprecedented price levels. Nonetheless, any intervention should maintain incentives to reduce demand and bring new supply to the market. Although in principle we support the European Commission proposal for a Council Regulation on an emergency intervention, we fear the inframarginal revenue cap will be difficult to implement and have distortive effects if actual profits are not taken into account.
Therefore, we are of the opinion that Member States should have the option to apply a solidarity contribution to the power sector as a more efficient measure to raise revenues from respective market participants.
For reading our practical concerns and suggestions to the European Commission proposal, click here.